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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 28,574,177 $ 100,593,557
Restricted Cash 2,445,360 1,684,269
Accounts receivable trade, net 1,555,075 2,706,412
Due from related parties $ 5,458,734 $ 2,437,354
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Inventories $ 1,962,110 $ 1,939,689
Prepaid expenses and other assets 1,442,202 2,065,539
Investment in equity securities 66,847,660 0
Assets held for sale 23,048,646 0
Deferred charges, net 0 51,138
Current assets of discontinued operations 0 54,763,308
Total current assets 131,333,964 166,241,266
NON-CURRENT ASSETS:    
Vessels, net 302,550,388 343,408,466
Restricted cash 7,295,000 7,550,000
Due from related parties $ 3,044,495 $ 3,514,098
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration] Related Party [Member] Related Party [Member]
Prepaid expenses and other assets $ 1,220,000 $ 1,626,000
Deferred charges, net 4,270,214 5,357,816
Fair value of acquired time charters 1,078,368 2,507,506
Investment in related party 117,521,579 0
Non-current assets of discontinued operations 0 102,715,796
Total non-current assets 436,980,044 466,679,682
Total assets 568,314,008 632,920,948
CURRENT LIABILITIES:    
Current portion of long-term debt, net 20,428,579 29,170,815
Debt related to assets held for sale, net 10,622,652 0
Accounts payable 2,754,118 7,593,981
Deferred revenue 1,489,881 2,583,879
Accrued liabilities 4,753,790 5,494,043
Current liabilities of discontinued operations 0 6,519,051
Total current liabilities 40,049,020 51,361,769
NON-CURRENT LIABILITIES:    
Long-term debt, net 85,013,187 109,600,947
Non-current liabilities of discontinued operations 0 10,463,172
Total non-current liabilities 85,013,187 120,064,119
Commitments and contingencies
SHAREHOLDERS' EQUITY:    
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 94,610,088 and 96,489,976 issued and outstanding as of December 31, 2022, and June 30, 2023, respectively 96,490 94,610
Due from shareholder (38,475) 0
Additional paid-in capital 266,435,404 303,658,153
Retained earnings 176,758,370 157,742,285
Total shareholders' equity 443,251,801 461,495,060
Total liabilities and shareholders' equity 568,314,008 632,920,948
Series B Preferred Shares [Member]    
SHAREHOLDERS' EQUITY:    
Preferred shares $ 12 $ 12